Linear Actuator Market size was over USD 50 billion in 2023 and is poised to reach USD 135.9 billion by the end of 2036, growing at around 8% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of linear actuator is estimated at USD 54 billion.
The market is expanding due to the growing trend of automation in many industries. Key drivers to this growth are the rise of electric vehicles, advances in robotics and smart factories, and the demand for more accurate motion control in the manufacturing processes. Moreover, the drive toward energy efficiency by integrating advanced technologies into actuators also brings new opportunities for manufacturers to innovate and gain market share. Several companies in the linear actuator market are aggressively innovating to stay afloat in their respective areas of operation and meet dynamic industrial needs.
Government initiatives also contribute towards the adoption of linear actuators in industrial automation. In July 2023, the U.S. Department of Energy launched an initiative on the energy efficiency of industrial equipment, including the actuators. The program, therefore, supports incentives that have been made towards the industry in line with adopting energy-efficient technologies, which helps in encouraging manufacturers to adopt advanced actuators within their operations. The aforementioned regulatory support is likely to drive the growth of the markets by ensuring sustainable and efficient manufacturing practices.
Growth Drivers:
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
8.0% |
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Base Year Market Size (2023) |
USD 50.0 billion |
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Forecast Year Market Size (2036) |
USD 135.9 billion |
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Regional Scope |
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By Operation Mechanism (Mechanical, Hydraulic, Pneumatic, Electro-mechanical Actuators)
Mechanical actuators are anticipated to account for the 31.5% largest revenue share of the linear actuator market in 2024. This is majorly owed to the wide application of this segment across the automotive, aerospace, and construction industries in a manner where such an actuator is used, focusing on reliability and cost-effectiveness. Rollon, Inc. introduced the TLS Series Telescoping Linear Actuators in August 2023. The recent launch of the product in the mechanical actuator segment has further redeemed this trend as it caters to certain niche applications in which compactness and precision drive market growth.
End user Industry (Automotive, Construction, Energy & Mining, Healthcare, Others)
During the forecast period, the leading end user segment in the linear actuator market is likely to be the automotive industry. This is due to the greater traction of automation that is gripping vehicle manufacturing, involving critical motion control solutions. Thomson released the Electrak XD electric linear actuators targeted at applications needing high speeds and capacities, especially in automotive production, in June 2023. This factor is critical to the segment growth by improving manufacturing efficiency. As a result, such innovations push the industry in the direction of increased automation and the integration of such technologies into production lines.
Our in-depth analysis of the global market includes the following segments
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Operation Mechanism
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End user Industry |
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North America Market Analysis
North America linear actuator market is anticipated to hold the largest share of 45.6% during the forecast period. The market is anticipated to lead due to high levels of automation and technological innovation. Some major drivers in the market include extensive automation in manufacturing, healthcare, and automotive, among many others. Further, the presence of key companies for manufacturing the actuator in the region will further facilitate the growth of the market with the continuous introduction of innovation and new products. This is likely to further boost the market by encouraging the uptake of developed, cost-effective, and sustainable actuator solutions that will once again strengthen North America in the lead of the global market.
The U.S. market is growing at a considerable rate due to a rise in demand for accurate solutions for motion control. In June 2022, Emerson announced the launch of the AVENTICS Series SPRA Electric Actuators, which were quickly adopted across multiple industries for their high accuracy and flexibility. This, in effect, translates to continued regional interest in scaling up automation capabilities, something that keeps pushing growth forward in the market. This trend is also witnessed in Canada, whereby organizations are increasingly investing in more advanced actuator technologies to cater to the growing needs of the industrial sector.
Asia Pacific Market Analysis
Asia Pacific linear actuator market is projected to show the fastest growth and expansion during the forecast period on account of a rapidly increasing industrial base and huge investments in automation. The major countries in this region include China, India, and Japan, which are growing on the strength of government support and increasing industrial bases that demand high-end manufacturing technologies. The market has seen rapid growth in China due to an increasing need for automation in its manufacturing.
Statistics from China's National Bureau of Statistics show that, for the first half-year of 2023, compared with the same period last year, industrial output increased by 3.7%, while the high and new technology reached 17.0% of the proportion within the total industrial gross output. Also, the value-added output for high and new technology manufacturing jumped 8.1% in 2023. This rapid growth shows how automation technologies are increasingly finding their place in the manufacturing sector, a fact that will further support the demand for advanced linear actuators.
India is also expected to register rapid expansion in the industry. The Government of India encourages industrial development through the shaping of supportive policies via taxation benefits and subsidies that drive investments in manufacturing and automation. In 2023, the Government of India announced further incentives for the sectors identified under the Production-Linked Incentive scheme for automation technologies, including electronics, automotive, and industrial machinery. This further adds to the growth prospects in the country for new entrants.
The competition in the linear actuator market is considered to be relatively high. Some of the key players include Parker Hannifin Corporation, Thomson Industries, Inc. subsidiary of Altra Industrial Motion Corp., and Bosch Rexroth AG. Other major players are SKF Group, Rockwell Automation, and Tolomatic Inc. Other contributors towards market diversification include regional manufacturers and specialized providers like Ewellix, earlier known as SKF Motion Technologies, and Actuonix Motion Devices. Some key factors governing competition in the industry include technological innovation, product differentiation, pricing strategy, and the capability of companies to provide customized solutions to different applications across manufacturing, healthcare, and automotive industries.
In a key development, Tolomatic Inc. introduced its new RSX128 electric rod-style actuator in March 2023 for extreme force applications as high as 100,000 lbf (445 kN). The high-force actuator is very suitable for high demands on industrial applications in pressing, punching, stamping, and assembly in the automotive and general industries. Such developments further intensify the competitive outlook of the market.
Here are some leading players in the market:
Author Credits: Abhishek Verma
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